United Kingdom Agribusiness Report

$1,450.00

We have made modest revisions to our short-term outlook to account for the severity of the Covid-19 pandemic that will weigh on consumption as hospitality and gastronomy outlets remain closed while households begin to grapple with income shocks. As a result, we expect some segments to feel a slowdown this year while others will benefit from mass household purchasing. Over the mediumterm, we expect the ongoing UK-EU post-Brexit negations to remain a key feature for much of H220. UK Prime Minister Boris Johnson has taken a harder stance towards post-Brexit negotiations in reaching a trade deal with the EU. For now, we believe that the medium-term impact on the UK agribusiness sector will be minimal with farmers set to receive support similar to EU levels out to 2022 but to be phased out after. The government will also seek to maintain 'frictionless trade' with the EU, which would minimise disruptions to UK trade flows and keep food inflation subdued.

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The United Kingdom Agribusiness Report features Fitch Solutions' market assessment and independent forecasts for production, consumption and trade across core agricultural commodities.

Fitch Solutions' United Kingdom Agribusiness Report includes independent commodity price forecasting and analysis for key agricultural outputs, an overview of the agribusiness competitive landscape and a discussion of the downstream context of agricultural production in relation to country food consumption forecasts and composite food and beverage trade forecasts.